XN000022-1973-06-29 — Page 2

Friday, June 29, 1973

GOVERNMENT SURPLUS FOR 1972/73

The government recorded a surplus of $637 million in the financial

year ending on March 31, compared with a surplus of $640 million in 1971-72.

Total revenue for the year was $4,936 million,an increase of $1,395

million over the previous year. Expenditure increased by an even greater

amount

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$1,398 million to reach a total of $4,300 million.

Government accounts for the month of March showed a deficit of

$439 million compared with a deficit of $100 million in March 1972.

Revenue for the month was $498 million an increase of #236 million

over the same month last year. However total expenditure amounted to $938

million.

This figure included $500 million towards the government's contribution

to the equity of the Mass Transit Railway Corporation.

A government spokesman said today that even after discounting this

contribution, expenditure during March was the highest ever recorded for a

single month.

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